How Important is Financial Planning?

Having a foothold of your finances and making sure your finances are secure is very important. Having a series of steps and goals laid out and maintaining those goals are crucial to planning a financial future. Here are just a few great tips you can benefit from..

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What Is An Online Checking Account?

Online access to your banking account is free, but not the checks themselves. Printing and processing checks does have costs involved and your bank will apply a fee for this service, which varies depending on the account’s fee structure.

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What Is A Hardship Letter?

You may find yourself in a position where you cannot pay your mortgage or meet other financial commitments. There could be instances where you require approval from the bank for a short sale. In such instances you will need to submit a hardship letter. This is a letter to confirm that you have good intentions, but circumstances have arisen which make fulfilling your obligations difficult at such time.

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What Are J.G Wentworth Edits?

J.G. Wentworth originated as a Merchant Bank for the Healthcare industry, but later expanded their financial services to include buying established structured payments from a person’s annuities, insurance settlement or even large lottery winnings. They are well known for their very popular commercial slogan of “It’s my money and I want it now“.

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Is There An Interest Rate Applied To Pay Day Loans?

Given that payday loans, or cash advances as they are also known, are loaned out on a very short term basis and expected to be paid off within 2 weeks, or by next paycheque, there is no interest applied to these loans. An annual percentage rate cannot be implemented as there is no time for interest to accrue, so a flat fee is applied instead. The flat fee is often about $25 per every $100 borrowed.

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What Is A Low Interest Loan?

Low interest loans are loans which have a low interest rate. Interest rates are rates which are charged to the borrower for borrowing the money. Rates on any loan will vary and are based upon your credit score. If you have a poor credit score, your interest rate can be significantly high, whereas if you have a good credit score, your interest rate for a loan will be lower.

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What Are Merchant Services?

Should you own business or an online website, you have little choice when it comes to payment options. You should accept all major credit cards and options such as PayPal. When people use their credit card, they have the freedom to purchase just a little bit more. All online sites are secure and the increase in online ordering shows that confidence is building.

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How Do You Attain Mortgage Pre-Approval Edits?

Getting pre-approved for a mortgage is a simple matter of scheduling a meeting with the loan officer at your bank, Trust Company or Credit Union and applying to be pre-approved for a mortgage. The relevant financial institution will calculate your assets which consists of your savings and earnings versus your liabilities in consideration of your monthly or annual income. By doing so, they will determine what you can afford in mortgage payments and how big a mortgage they can approve, to help you to stay within budget when house shopping with your realtor.

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Is A Computer Required For An Online Account?

The answer to this question is, Yes and No. Anything which is online related entails that access can only be granted via the internet, but this does not necessarily require a person to have a computer or laptop. Smartphones, iPads and tablets can also be used to get online and access your account, but only if it had been previously set-up for it by your financial institution. Once your bank has granted access, all which is needed is your login information.

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All You Need To Know About An Online Checking Account

Online checking, also referred to as online banking, has many advantages for people who don’t’ have time to line up at the bank. Anybody with an active checking account is eligible and access is free upon request at your local branch. A temporary password is assigned and users are prompted to reset the password at the first login. In order to partake in this form of banking, you will need internet access, the number on linked debit card and a password to login at the bank’s website.

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